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Newborn Expense Tax Deduction: Up to $5,000 for Families

This bill introduces a new tax deduction allowing parents to claim up to $5,000 for qualified newborn expenses in the year of the child's birth. Eligible expenses include infant formula, diapers, car seats, strollers, and cribs. The deduction is available to families with a modified adjusted gross income below $100,000 ($200,000 for joint filers) and requires a Social Security number for both the taxpayer and the child.
Key points
A new tax deduction allows up to $5,000 for newborn expenses like formula, diapers, car seats, strollers, and cribs.
Eligibility is limited to taxpayers with a modified adjusted gross income under $100,000 ($200,000 for joint returns).
A Social Security number for both the taxpayer and the qualifying child is required to claim the deduction.
The provisions apply to tax years beginning after December 31, 2024, and terminate after December 31, 2029.
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Additional Information
Print number: 118_HR_7425
Sponsor: Rep. Schweikert, David [R-AZ-1]
Process start date: 2024-02-20
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

To amend the Internal Revenue Code of 1986 to provide a deduction for certain newborn expenses.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_7425.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2024-02-20.

What are the main provisions?

Key points include:

  • A new tax deduction allows up to $5,000 for newborn expenses like formula, diapers, car seats, strollers, and cribs.
  • Eligibility is limited to taxpayers with a modified adjusted gross income under $100,000 ($200,000 for joint returns).
  • A Social Security number for both the taxpayer and the qualifying child is required to claim the deduction.
  • The provisions apply to tax years beginning after December 31, 2024, and terminate after December 31, 2029.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Schweikert, David [R-AZ-1].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Taxes Family Benefits